Help Where it's Needed
Rural areas are home to about one-quarter of the nation’s population, but suffer disproportionately from substandard infrastructure, lack of affordable housing options, and higher-than-average poverty rates.
We’re working to expand affordable housing options for more households across the rural landscape.
We invested $134 million in LIHTC equity in rural markets, up from $73 million in 2018.
In 2019, we provided more than $1.7 billion to finance more than 14,000 single-family homes – most in high-needs rural regions. rural areas.
Today’s manufactured homes are comparable in quality to site-built homes and cost up to 50 percent less per square foot, providing a meaningful affordable housing alternative for many families.
We’re developing innovative approaches to better support manufactured housing options.
In 2019, we provided $519 million to finance almost 4,400 manufactured homes – 22% more homes than in 2018.
We deployed $88 million to support tenant protections across 1,387 leases in Manufactured Housing Communities.
Keeping it Together
Preserving the nation’s existing affordable housing stock is critical for keeping safe, decent homes within reach for moderate- and low-income families.
We’re focusing on preserving affordable housing to foster strong, stable communities.
In 2019, we provided $10.1 billion to support multifamily affordable housing preservation, including over $800 million in liquidity in support of small balance loans.
We’re helping to keep homes affordable in high-cost areas over the long term with our Community Land Trust Mortgage and other options for financing shared equity homeownership opportunities.
We’re engaging with the industry, community organizations, all levels of government, and other dedicated organizations to take action. #DutyToServe